2017 · Q73
Which of the following statements about Bitcoin is/are correct ?
- 1It is a decentralized virtual currency.
- 2It is generated through complex computer software systems.
- 3The Reserve Bank of India recognized it as a legal tender in January 2016.
Select the correct answer using the code given below :
General KnowledgeCurrent Affairs
- A1 only
- B1 and 2 only
- C2 and 3 only
- D1, 2 and 3
Explanation
Bitcoin is a decentralised virtual currency (1) generated (‘mined’) by complex computer software systems (2). The RBI never recognised it as legal tender in January 2016 or at all (3). Hence ‘1 and 2 only’ = B.